10 news stories mention Industrial and Commercial Bank of China
• Should Industrial and Commercial Bank of China be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should Industrial and Commercial Bank of China be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
At least eight major banks, including Hong Kong-based China CITIC Bank, have now introduced or are in the process of introducing digital wallets that support China’s central bank digital currency (CBDC), according to local media reports... More
The People’s Bank of China (PBOC) is to enable participants in the next phase of its central bank digital currency (CBDC) pilot to test for the first time the use of digital yuan for making both online purchases and touch-based in-store offline payments... More
China’s Ministry of Commerce has announced that pilot testing of a central bank digital currency (CBDC) developed by the People’s Bank of China (PBoC) is to be expanded to cover the country’s major commercial regions and cities including Beijing, Shanghai, Hong Kong and Macau... More
China’s central bank likely to pilot digital currency in cities of Shenzhen and Suzhou — Coindesk — “The People’s Bank of China is said to be preparing to launch pilots for its digital currency in at least two major cities. The tests are likely to include the participation of state-owned partners. These comprise the ‘Big Four’ commercial banks — the Industrial and Commercial Bank of China, Bank of China, China Construction Bank and the Agricultural Bank of China — and three telcos: China Telecom, China Mobile and China Unicom.”
Chinese handset maker Xiaomi has launched its Mi Pay NFC-based mobile payments service in its domestic market. More
Chinese smartphone maker Xiaomi has unveiled Mi Pay, an NFC-based mobile payment service expected to be made available on the Xiaomi Mi 5 handset with support from a number of the country’s banks. More
Samsung Pay has begun rolling out across China, letting consumers make mobile payments with a compatible device “virtually anywhere you can swipe or tap your card” using their China UnionPay debit and credit cards. More
Samsung Pay now has approximately five million users in South Korea and the US who have processed more than $500m through the mobile payment service in the first six months since its launch. The service is due to be rolled out in China next month, Samsung has revealed, followed by a global expansion to Australia, Brazil, Singapore, Spain, the UK and Canada later in the year. More
Customers of Industrial and Commercial Bank of China (ICBC) will be able to use Apple Pay from 18 February, the bank has confirmed in a series of tweets reported by Reuters... More
The bank card association is conducting NFC pilots in Shanghai, Ningbo and Changsha and has extended its mobile payments services to a total of six provinces and regions. More